PINE - Why Is Alpine's Dividend Yield So High?
2023-04-26 06:07:00 ET
Alpine Income Property Trust (NYSE: PINE) has a tiny market cap of around $240 million. That makes it one of the smallest players in the net lease real estate investment trust (REIT) space. Meanwhile, it offers investors one of the highest dividend yields -- roughly 6.8% -- in its closest peer group.
There are negatives here, for sure, related to this stock and its current situation, but there are some positives, too. Here's a deeper dive into what you need to know.
Alpine is a small net lease REIT , which means it doesn't get much attention on Wall Street. (Net leases require tenants to pay most of the operating costs of the properties they occupy.) Without big analyst firms talking about the stock, it just doesn't have the kind of following that larger peers like Realty Income (NYSE: O) or W.P. Carey have. And that often leads to a lower stock price.
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Why Is Alpine's Dividend Yield So High?